SEBI approves frameworks for gold exchange and Social Stock Exchange

Securities Exchange Board of India (SEBI) has approved the frameworks for gold exchange and Social Stock Exchange. The market regulator SEBI also approved amendments to the delisting framework for equity shares at the board meeting held in Mumbai.

Gold exchange is being set up to trade yellow metal in the form of electronic gold receipts for a transparent domestic spot price discovery mechanism.

An instrument representing gold is to be called Electronic Gold Receipt (EGR).

Under Social Stock Exchange (SSE) creation, it will be used for purpose of fundraising by social entrepreneurs.